JC Footy Genius
Bringer of TRUTH
- Jun 9, 2015
- 10,568
It was only a matter of time before India and China got their shit together so I don't buy the shrinking market share argument as an indicator of failure. I'm not convinced about the nationalism argument either - which countries are breaking up?
Europe has some serious issues to resolve but nothing that can't be fixed.
I don't think poor performance of the EU is down to China and India raising their game as this would effect all other trade/custom zones. (Growth in China is and has been slowing)
According to the IMF, every part of the world grew in 2014 except the EU. Africa, Asia, North and South America and Australasia have all recovered fully from the 2008 crash, but Europe has picked up a bug that it can’t shake off. Incredibly, the Eurozone faces its third recession in six years.
http://www.conservativehome.com/thecolumnists/2015/01/daniel-hannan-mep-nine-myths-about-the-eu.html
The rise in nationalism across Europe has been well documented and is hardly surprising considering the ongoing economic and migrant problems have tested the EU and to put it politely .. found it wanting. In the past few months we have had EU members unilaterally reinstating border controls, withdrawing an ambassador (Greece from Austria), building numerous fences - walls -barriers, waving through migrants to other countries and of course mass sexual assaults. The country that encouraged the 1 million plus migrants to come is now insisting most other EU countries should take a quota to spread the burden.
On top of all this the authorities tell us there are at least 5000 terrorists trained in the war zones of Syria and elsewhere floating round European continent after taking advantage of Europe's porous external border. Paris like attacks and far worse must be likely if not inevitable fuelling further division and instability.
http://www.express.co.uk/news/world...ar-right-parties-Europe-Germany-Sweden-France
Fixing the Eurozone and Migrant problems will probably take years assuming that there actually is a realistic achievable solution to either crisis.
Brexit will not change the fundamentals of these problems but it will give us the chance to increase our border security and a chance to forge our own trade deals with emerging and growing markets.